Bear Stearns International Limited Announces Appointment of Two Senior Investment Bankers to Develop Its Business in France.Business Editors LONDON--(BUSINESS WIRE)--Aug. 30, 2002 Bear, Stearns International Limited today announced that Alain Demarolle and Laurent Meniere have joined the firm as senior managing directors and will focus on the development of the firm's investment banking business in France. Alain and Laurent will work with Bear Stearns's industry and product groups based both in London and the US. Commenting on the hires, Jeremy Sillem, chairman of BSIL BSIL Blue Screen Infinite Loop , said, "We are delighted to have succeeded in attracting individuals of the calibre of Alain and Laurent. They will help us provide enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; to French clients operating in the industries on which we focus, and to clients outside France seeking advice and insight with respect to opportunities in the market." Both gentlemen join the firm with combined experience in French Government service and Investment Banking. Alain most recently was with Schroders, Salomon Smith Barney's Investment Banking division, where he focused on major French accounts. Prior to that, Alain worked in the French Ministry of Finance. Laurent previously was with Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. International where he focused on the coverage of major French clients. He also worked with Willkie, Farr and Gallagher in Paris. Previously he worked for the French Treasury and for various Cabinet Ministers. Bear, Stearns International Limited (BSIL) is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Companies Inc. BSIL currently employs more than 800 staff in London who serve corporations, institutions, partnerships and governmental entities in the United Kingdom, Europe and the Middle East. BSIL's capabilities include investment banking, institutional equities and fixed income sales, trading and research, derivatives, financial futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. , foreign exchange and global clearing. |
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